Gold price started to consolidate in the last two weeks after a terrific bounce. The trend continues to move high and get pause between 1803-1810 region. Maybe NFP will become the catalysts.
Reason for bullish
My recommendation to buy till new high
Reason for bullish
- Gold price closed above the 1765 resistance which is the broken level in Feb 2020
- Gold price did not made strong rejection after hitting weekly MA20
- Gold price did not run below daily 20MA
- Gold price didn't complete the 100% fib correction yet
- New Month New candle pullback
- New week New candle to MA20 retest
My recommendation to buy till new high
Note
All OVER - Wait for NEW ONE
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.